Airbnb Crackdown in Denver

Posted by West + Main Homes on July 20th, 2017

Denver is finding and fining unlicensed short-term rental owners

Not sure if you need a license? You probably do.

The Mile High City is an extremely popular place to both live + visit, as so many Denverites know. A way people can experience Colorado life from a local's perspective, is by renting airbnb units on a short-term basis, and Airbnb is a viable option for many. But many Denver landlords with investment properties on Airbnb are on borrowed time.

Six months after regulations banned the practice of renting investment properties for less than 30 days – a lucrative niche that could earn a landlord $1,000 to $2,000 more per month than a year-long lease – Denver is sniffing out the scofflaws and making suspicious Airbnb hosts prove with a…

1793 Views, 0 Comments

Is Now A Good Time to Rent?

Posted by West + Main Homes on June 6th, 2017

People often ask if now is a good time to buy a home, or if they should look for a new rental when their lease expires and inevitably increases. The answer is sort of frustrating, because with inventory so tight, both homes for sale and for rent are hard to find in Central Colorado. But, really, it all depends on your short and long term plans, as well as your Real Estate and other investment goals.

The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

In the first quarter of 2017, the median asking rent for vacant for-rent units across the United States was $864. 

According to Rent Jungle, that number is almost double in Denver:

As of April 2017,…

1589 Views, 0 Comments